Bill Status of HB3461  103rd General Assembly

Short Description:  CREDIT REPAIR ORGANIZATIONS

House Sponsors
Rep. Debbie Meyers-Martin - Rita Mayfield, Elizabeth "Lisa" Hernandez, Theresa Mah, Joyce Mason, William "Will" Davis, Emanuel "Chris" Welch, Camille Y. Lilly and Will Guzzardi

Last Action
DateChamber Action
  3/27/2023HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
815 ILCS 505/2Zfrom Ch. 121 1/2, par. 262Z
815 ILCS 605/1from Ch. 121 1/2, par. 2101
815 ILCS 605/3from Ch. 121 1/2, par. 2103
815 ILCS 605/5from Ch. 121 1/2, par. 2105
815 ILCS 605/5.5 new
815 ILCS 605/6from Ch. 121 1/2, par. 2106
815 ILCS 605/7from Ch. 121 1/2, par. 2107
815 ILCS 605/8from Ch. 121 1/2, par. 2108
815 ILCS 605/9from Ch. 121 1/2, par. 2109
815 ILCS 605/11from Ch. 121 1/2, par. 2111
815 ILCS 605/14from Ch. 121 1/2, par. 2114
815 ILCS 605/15from Ch. 121 1/2, par. 2115
815 ILCS 605/17 new
815 ILCS 605/10 rep.


Synopsis As Introduced
Amends the Credit Services Organizations Act. Changes the name of the Act to the Credit Repair Organizations Act. Provides that the Director of Financial and Professional Regulation shall oversee the activities of credit repair organizations and compliance with the Act. Provides that a credit repair organization shall submit a report every 6 months to the Director containing specified information. Provides that the Director may adopt rules necessary to administer the Act. Makes changes in provisions concerning contracts between a buyer and a credit repair organization; registration of credit repair organizations; violations of the Act; and remedies. Repeals provisions concerning surety bonds. Defines terms. Repeals provisions concerning surety bonds. Amends the Consumer Fraud and Deceptive Business Practices Act to make conforming changes. Effective January 1, 2024.

Actions 
DateChamber Action
  2/17/2023HouseFiled with the Clerk by Rep. Debbie Meyers-Martin
  2/17/2023HouseFirst Reading
  2/17/2023HouseReferred to Rules Committee
  2/23/2023HouseAdded Chief Co-Sponsor Rep. Rita Mayfield
  2/23/2023HouseAdded Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
  2/28/2023HouseAssigned to Consumer Protection Committee
  2/28/2023HouseAdded Co-Sponsor Rep. Theresa Mah
  2/28/2023HouseAdded Co-Sponsor Rep. Joyce Mason
  3/7/2023HouseDo Pass / Short Debate Consumer Protection Committee; 006-003-000
  3/8/2023HouseAdded Co-Sponsor Rep. William "Will" Davis
  3/8/2023HousePlaced on Calendar 2nd Reading - Short Debate
  3/14/2023HouseAdded Co-Sponsor Rep. Emanuel "Chris" Welch
  3/15/2023HouseSecond Reading - Short Debate
  3/15/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/21/2023HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Debbie Meyers-Martin
  3/21/2023HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  3/22/2023HouseHouse Floor Amendment No. 1 Rules Refers to Consumer Protection Committee
  3/22/2023HouseAdded Co-Sponsor Rep. Camille Y. Lilly
  3/27/2023HouseRule 19(a) / Re-referred to Rules Committee
  3/27/2023HouseHouse Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  10/31/2023HouseAdded Co-Sponsor Rep. Will Guzzardi